95 Day Notice Account

Combine a compelling, variable rate with the freedom to access your cash by giving us a little notice. Plus the comfort of knowing your money is safe.


Your eligible deposits with Recognise are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. This means in the unlikely event that Recognise were to fail or become insolvent, any deposits you hold below this limit will be protected under this scheme. Deposits above this amount are unlikely to be covered. For more information visit www.fscs.org.uk.

In order to check how much of your money is protected by the FSCS, please visit the FSCS protection checker at Bank & savings protection checker | Check your money is protected |FSCS

New Customers

Product Benefits

  • Earn 1.60% gross p.a. / 1.60% AER
  • Deposit from £1,000 upto £85,000. (Joint account holders £170,000) – You may hold a maximum of £85,000 across all your Accounts – including both for sole accounts and all your shares in Joint Accounts.*
  • Deposit money in minutes
  • Manage simply and securely online
  • Up to two account holders welcome
  • Interest paid into your Notice Account or Nominated Bank Account**, or any other Accounts that you have with us. You choose.
  • Withdraw money from your account by giving us at least 95 days’ notice
  • Grow your savings by making regular deposits

*When calculating your combined balance across all of your Recognise Accounts, we’ll treat any balances held in Joint Accounts as being shared equally between both account holders. For example, if you hold £20,000 in a sole account and hold £30,000 in a Joint Account with us, we’ll consider you to hold half of the Joint Account balance (i.e. £15,000) and therefore your combined balance is £35,000. We will reject and return any deposits that would take you over the maximum balance and if this happens we’ll return these to the originating bank without interest.

**Your Nominated Bank Account is the UK current account in your name, from which you can make and receive payments (including interest) to and from your Recognise Savings Account.

Summary Box

95 Day Notice Account – Issue 4

Annual Interest Monthly Interest
Gross AER Gross AER
1.60% 1.60% 1.59% 1.60%

Interest is calculated daily.

You can choose to have your interest paid monthly or annually.

If you choose to have your interest paid monthly, interest will be paid on the same date each month that you first paid money into your Account.

If you choose to have your interest paid annually, interest will be paid on the anniversary of the date you first paid money into your Account.

You can choose to have your interest paid into your 95 Day Notice Account – Issue 4, another Recognise Savings Account that you hold (subject to any specific conditions of that Account) or your Nominated Bank Account.

AER stands for Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once a year.

Gross is the interest rate payable before tax is deducted.

Yes, the interest rate is variable.

We can vary the interest rate for any of the reasons that we set out in Part B of the Terms and Conditions, for example if the Bank of England Official Base Rate changes, if there is a change in market conditions, if the money market interest rates change, or to reflect an increase in costs of running the Account or where there is a change in regulation or legislation.

Annual Interest Monthly Interest
Balance after
12 months
Balance after
12 months
£1,000 £16.00 £1,016.00 £16.02 £1,016.02

The projection assumes that:

  • your Initial Deposit is paid into the Account when it is opened
  • it is not a leap year
  • no further deposits or withdrawals are made during the 12 month period
  • the interest rate does not vary during the 12 month period

The projection is for illustrative purposes only and does not take into account your individual circumstances.

To open an Account in either sole or joint names, you must be aged 18 or over and be a UK resident for tax purposes. The Account must be for your personal, not business, use.

You can apply online through our website at www.recognisebank.co.uk or through our Secure Online System. You need to provide some personal details to open your Account.

There is a minimum deposit of £1,000. You can hold a maximum of £85,000 across all Recognise Savings Accounts (subject to any specific conditions of that Account).

You can view, access and manage your account by using our Secure Online System.

You can contact us by:

  • emailing [email protected]
  • logging in to our Secure Online System and sending us a Secure Message
  • writing to us at Recognise Bank, RUBH-ZZBS-LYAE, PO Box 921, Wallsend, NE28 5EJ
  • calling us on 0345 872 7888. We are open from 9.00am to 5:00pm, Monday to Friday and are closed on weekends and Bank Holidays.

You must give us 95 days’ notice before you can make a withdrawal. You can make a withdrawal by logging on to our Secure Online System to request your withdrawal.

Withdrawals can be made to your Nominated Bank Account or another Recognise Savings Account that you hold (subject to any specific conditions of that Account).

We reserve the right to withdraw this product from sale at any time.

Please read this Summary Box in conjunction with the Terms and Conditions.

The rates and information in this Summary Box are correct as at 28 June 2022.

Before you apply, please read our Terms and Conditions, which includes our General Terms and Conditions and our Product Terms and Conditions. You can also download a copy of this Summary Box for your records. These documents, together with your application make up our agreement with you.

We’re giving your savings a purpose again

Recognise is the bank for extraordinary savers, who appreciate the importance of making a positive contribution to society. When you save with us, your money is 100% protected by the FSCS (limits apply). Your savings help us provide loans to growing small and medium sized businesses, who are the engine-room of the UK economy and who, right now, need support more than ever. So, by choosing Recognise, you can be sure you’re getting a fair and worthwhile return and you’re making a positive difference to communities, factory floors and in office blocks up and down the country.

Guidance & Information

Literature & Guides

All you need to know about our savings products

Protecting your savings

FSCS protection and keeping your money safe

Important notices

Information to help you open your savings account with us

A reminder of our interest rates

View all of our products and interest rates on one page

How do I pay in?

Funding your new Recognise savings account.

Frequently asked questions

Commonly asked questions and answers relating to our savings products

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